Quant Risk Business Analyst in London

Business Analyst required to support the delivery of Risk Metrics to FraimWrx PFE and adoption. This will be a role within the Business Analyst team servicing Risk technology related projects. Role is required to enable MUSA to migrate risk systems and credit risk methodology change. The role will sit in technology and be responsible for implementing PFE and intraday/eod credit risk monitoring.

Key Responsibilities:

• Assist with the delivery of the Risk migration initiative from a risk technology perspective.
• Perform technical analysis and updates related to PFE implementation.
• Document detailed user requirements, validating pricing and simulation models using Markit FRA.
• Mapping Trade and Market data items from trade systems to FraimWRX format.
• Work closely with risk quants to understand functionally how all products will map to existing PFE modelled/non-modelled calculation methodologies.
• Working closely with business for eod/intraday credit risk monitoring.
• Work closely with the technology project management and risk system vendors to define delivery schedules and validate package updates.
• Work with the project team to define appropriate testing methodologies and be involved running tests related to new product development.
• Ensure effective partnership with the production teams to ensure effective handover of new processes and controls into the live environment.
• Drive forward solutions to remediate production issues.
• Develop solid working relationships with many areas of the firm but especially technology risk, risk analytics group, market risk management, credit risk management and Front office solutions.
• Work closely with relevant business and technology stakeholders to ensure effective and efficient implementation of the project(s).

Skills

Must have:

• At least 5 years of experience as a Business Analyst in Quant Risk.
• Familiarity with advanced tools for counterparty credit risk and PFE.
• Experience with vendor-based calculation engines, S&P Global and FraimWRX.
• Strong business analysis skills and project lifecycle knowledge.
• Knowledge/experience of gathering business requirements and compiling business requirements documents and functional specifications.
• Ability to define and structure test plans, experience of guiding users through UAT phases.
• Ability and experience of working under pressure, both autonomously and within a team.
• Knowledge of investment banking.
• Strong background in implementing a PFE solution for Interest rate, FX and Credit products.
• Knowledge of key Credit risk topics.
• Experience of working with FraimWRX and/or Murex would be beneficial.
• Ability to liaise with business and IT stakeholders.
• Solid communication skills, both written and oral.

Education / Qualifications:

• Degree level.

Personal Requirements:

• Work experience in the Securities Industry, preferably in a similar role.
• Proactive and self-starting individual with high levels of ownership.
• Strong analytical skills.
• Proven ability to organise and prioritise own workload and drive results.
• The ability to demonstrate strong decision making skills/sound judgements.
• Flexibility to adapt to urgent tasks as well as undertaking longer-term solutions.
• Strong interpersonal skills together with the ability to influence others and make decisions.
• Strong problem solving skills with a logical approach.
• The ability to collaborate and partner across the firm.
• High attention to detail.

Nice to have:

• Prior experience using FraimWRX.